Books bullish as Nemak aims for end of week
Mexican auto parts supplier Tenedora Nemak is hoping to take advantage of its familiarity among US-based high yield investors when it meets accounts on Monday with a view to pricing a debut international bond on Thursday or Friday.
Nemak, which is owned by Mexican group Grupo Alfa, wants at least $300m of either seven year non-call four or 10 year non-call five notes for its inaugural sale, managed by Citi, Credit Suisse and Morgan Stanley.
Its a great credit and is particularly interesting because the US-based
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